10227 TX-242
Conroe, TX
Price:
$2,754,000
Cap Rate:
5.30%
NOI:
$145,962
Building Size:
Approx. 7583 Sq. Ft.
Lot Size:
Approx. 0.98 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Parts
Year Built:
2020
Investment Overview
- 2020 Construction. 7,583+/- SF Building on .98+/- Acre Site
- New 15-Year Corporate Lease w/ Rent Bumps in Base & Options
- Located along TX-242 Access Rd (36K VPD) & Harper’s Trace
- Across new H-E-B Grocery & Harpers Reserve Master Community
- 2.5-Miles E of I-45 (230K VPD) & The Woodland’s Medical District
- Proximity to Junior High and Elementary Schools (1K+ Students)
- Strong Income Demographics with $92,351 within a Mile Radius
- Conroe is 45-miles N of Houston and projected to continue to grow
- Greater Houston | Fastest Growing Metros in the U.S. | Pop: 7M+